Page 25 - Tata Group

Trent, Bharat Electronics poised as contenders for Nifty50 in September

If added, both stocks could receive passive inflows in excess of Rs 3,000 crore

A-I ceased to be 'State' or its instrumentality post disinvestment: SC

Air India Limited (AIL) ceased to be State or its instrumentality under Article 12 of the Constitution after its disinvestment and take over by the Tata Group in January 2022, and no case of alleged violation of fundamental right would lie against it, the Supreme Court ruled on Thursday. The apex court dismissed the appeals filed against a September 20, 2022 verdict of the Bombay High Court which had disposed of four writ petitions instituted by some employees of AIL over alleged stagnation in pay and non-promotion of employees and delay in payment of wage revision arrears, among others. The top court noted that the petitions before the high court had claimed violation of Articles 14 (equality before law), 16 (equality of opportunity in matters of public employment), and 21 (protection of life and personal liberty) of the Constitution. A bench of Justices B R Gavai and Sandeep Mehta noted that the high court had disposed of the pleas on the ground of non-maintainability of the writ

Integration of frequent flyer programs of Vistara, Air India begins

The integration of approximately 7,000 employees of Vistara will begin in June, with its merger into Air India targeted to be completed by the year-end, Air India CEO Campbell Wilson said on Monday

Air India Express cancels some flights due to rostering system issues

Air India Express cancelled some flights on Wednesday as the airline grapples with crew rostering system issues, according to sources. The Tata Group-owned carrier, which generally operates around 380 flights daily, has moved to a new rostering system. Since there are some issues with the system, it is impacting the scheduling for cabin crew and pilots, the sources said. At the Delhi airport, seven Air India Express flights -- four departures and three arrivals -- for the period between 1.50 am and 8 pm have been cancelled for Wednesday, sources said. There were also flight cancellations at a few other airports, the sources added. However, the total number of flight cancellations could not be immediately ascertained. There was no comment from Air India Express. The latest development comes a week after the airline witnessed disruptions due to a section of cabin crew reporting sick to protest against the alleged mismanagement at the carrier. The strike was called off on May 9 and

AI Express fiasco: Woman couldn't see hospitalised husband before death

In a heartbreaking incident, a woman, whose husband was in a hospital ICU in Oman, was unable to see him one last time before he died there due to the cancellation of her Air India Express flight to that country last week, her family alleged. The woman, Amrita, had booked tickets for May 8 to see her husband in Muscat, but on reaching the airport here, she was told that the flight was cancelled. Her protest at the airport earned her a ticket for the next day on another Air India Express flight, but unfortunately, that too was cancelled and she had to abandon her travel plans altogether. On Monday, news of her husband's death reached her from Oman. "It was so unfair that she could not see him for one last time. We begged the airline to accommodate us on some other flight so that we could see him for one last time. But they did not do anything," Amrita's mother told a TV channel. She also said that Amrita's husband had said that he wanted to see his wife and kids and that is why the

Tata Power to sell green energy to group companies, MNCs: Praveer Sinha

Says they will offer carbon credit on their green power sale to companies that require it

SIAEC to develop Air India's base maintenance facilities in Bengaluru

Air India on Saturday announced it has appointed SIA Engineering Company Limited as its strategic partner for the development of its base maintenance facilities here. As part of the partnership, Air India will work closely with SIA Engineering Company Limited (SIAEC) on the planning, construction, development and operationalisation of its base maintenance facilities here, they said. In a statement, Air India said, "Projected to be ready in 2026, the facilities will comprise both wide-body and narrow-body hangars, including associated repair shops, to support the growing Maintenance, Repair and Overhaul (MRO) needs of the aircraft fleet in Air India Group." "The collaboration with SIA Engineering Company will not only help Air India become more self-reliant for the maintenance of its own fleet but it also reiterates our commitment to strengthen India's aviation infrastructure by boosting the growth of the country's MRO industry," Campbell Wilson, Chief Executive Officer and Managing

AI Express operations improving; expects normalcy in 2 days, says official

The operations of Air India Express slowly started improving on Friday as more cabin crew members are joining back for duty, after significant flight disruptions caused by cabin crew strike that has been called off. The strike by a section of the cabin crew since Tuesday night that resulted in the cancellation of more than 170 flights was called off on Thursday evening and the airline also withdrew termination letters issued to 25 striking cabin crew. The Tata Group airline, which operates around 380 flights daily, has curtailed operations in the wake of the strike and the official on Friday said, normalcy is expected in the next two days. Cabin crew who were on strike are joining back and the airline is extending support to them in getting the fitness certificate, which is required to resume duty, the official added. The official also said that most international flights are in the evening time and the operations on that front are expected to be better from Friday onwards with the

Here's how much royalty Tata Group companies will pay for the Tata name

Tata Group companies pay a brand subscription fee for the privilege of using the 'Tata' name. Here is how much they will need to pay now

Tata group directors to meet in Mumbai on May 20 to talk future vision

The group had earlier put a cap on the brand subscription fee to group firms and this has now been lifted, leading to higher payout by TCS, said a source

Strikes and lockouts down 90% in the last decade, show govt data

Person days lost to industrial disputes see a decline

AI Express cabin crew calls off strike; airline assures to look into issues

A section of Air India Express cabin crew has decided to withdraw strike and join back for duty after the airline assured to look into all the issues raised by the cabin crew, sources said on Thursday. Besides, the airline has agreed to withdraw the termination letters issued to 25 cabin crew and the management will review the cases as per service regulations, they added. The Tata Group-owned airline has cancelled more than 170 flights since Tuesday night after the cabin crew started reporting sick to protest against the alleged mismanagement at the airline. The decisions on withdrawing the strike and the termination letters were agreed upon during the conciliation meeting between the cabin crew representatives and the airline representatives at the Office of the Chief Labour Commissioner (Central) in the national capital on Thursday.

Air India Express: 85 flights cancelled; Air India to support on 20 routes

If a passenger's flight is cancelled or delayed more than 3 hours, they have the option to either receive a full refund on the flight or reschedule it for a later date without any additional fees

TCS CEO Krithivasan's salary for FY24 at Rs 25 cr, COO earned Rs 26.18 cr

Krithivasan's remuneration includes his that for his previous role as company's global head for BFSI

Return to work or face termination: Air India Express gives crew ultimatum

Air India Express fired 25 cabin crew members and demanded others to either return to work by 4 pm on Thursday or face termination

Over 100 Air India Express flights cancelled as cabin crew calls in sick

Air India Express has opted to reduce its flight operations until May 13, with a usual schedule of around 360 flights per day, covering both domestic and international routes

Air India Express fires cabin crew members over 'premeditated' sick leave

According to Air India Express CEO Aloke Singh, more than 100 cabin crew members had reported sick just before their rostered flight duty since Tuesday night

Air India Express cancels 91 flights as cabin crew goes on sick leave

After Vistara cancellations, it's the turn of another Tata airline to face crisis

Tata Power plans 66% higher capex at Rs 20k cr in FY25; to spend 50% on RE

Tata Power has planned a 66 per cent higher capital expenditure of Rs 20,000 crore in this fiscal compared to a year ago, which will mainly focus on projects supporting energy transition and India's net-zero emission target by 2070. During the year ended March 2024, the capex (capital expenditure) was around Rs 12,000 crore, the company's CEO Praveer Sinha said during a post earnings conference call. "This year we are targeting to spend around Rs 20,000 crore," he said in reply to a question on company's planned capex. Sharing the breakup of the investment plant, Sinha said about 50 per cent will be on renewables (projects). The remaining will be mix of transmission, distribution and conventional projects. The company will fund the capex through internal accruals and some debt, Sinha said. Tata Power on Wednesday posted an 11 per cent rise in its consolidated net profit to Rs 1,046 crore in the March 2024 quarter compared to the year-ago period, mainly on the back of higher ...

Air India Express cancels several flights due to cabin crew shortage

Air India Express has cancelled "scores of flights" due to a shortage of cabin crew members as a section of them are reporting sick to protest against alleged mismanagement at the Tata Group-owned airline, according to sources. Discontent has been brewing among a section of the cabin crew at the low-cost carrier for some time now, especially after the start of the process of merger of AIX Connect, formerly AirAsia India, with itself. The sources on Wednesday said several cabin crew members started reporting sick since Monday evening and as there are not enough cabin crew members, "scores of flights" have been cancelled at various airports, including Kochi, Calicut and Bangalore. Late last month, a union representing a section of the Air India Express cabin crew alleged that the airline is being mismanaged and there is a lack of equality in the treatment of the staff. Air India Express Employees Union (AIXEU), a registered union, which claims to represent around 300 cabin crew membe